The FBM KLCI retreated for the fifth straight session despite trimming most of its intraday losses as the key index closed at around 1,761.78 pts ahead of the extended Hari Raya festive break. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,780-1,800 levels. Support will be located around the 1,740 level.

UZMA has experienced a breakout above the RM1.09 level and subsequently closed above the EMA20 level. The MACD Histogram has extended another green bar, while the RSI is approaching 50. Price may trend higher, targeting the RM1.18 and RM1.26 levels. Support will be set around the RM1.02 level.

JHM has rebounded to close above the EMA20 level with improved volumes. The MACD Histogram has extended another red bar, while the RSI remains above 50. Monitor for a breakout above RM1.11, targeting the RM1.22-RM1.34 levels. Support will be anchored around the RM1.00 level.

BJCORP has experienced a flag-formation breakout above the RM0.32 level. The MACD Histogram has turned green, while the RSI remains above 50. Price may trend higher, targeting the RM0.35-RM0.39 levels. Support will be pegged around the RM0.29 level.

Source: Mplus Research - 18 Jun 2018